Reports of the death of consumer spending are greatly exaggerated — at least from the point of view of the nation’s largest lender, J.P. Morgan Chase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
JPMorgan Chase set aside $428 million in additional funds to cover bad loans and also temporarily shelved share buybacks as the country’s biggest bank posted a 28% drop in profits in the second quarter from a year earlier. Get the Full Story Complete the form...
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Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
It’s been a mixed couple of days for Wise. Following Monday’s (June 27) news that the company’s co-founder and CEO, Kristo Käärmann, had been named as a tax defaulter by U.K. tax authority HM Revenue and Customs, Wise reported strong revenue and insisted that it...
As restaurants face inflationary challenges, brands are taking different approaches to make the economics work both in the short and long term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
For today’s grocers, rapid food inflation may be the most significant headwind, with skyrocketing food prices resulting in many consumers seeking alternatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Ride-hailing and eCommerce firm GoTo Group, in its first quarter as a public company, has posted 53% gross revenue growth, which sees it accelerating from 2021 and showing how Indonesian tech is evolving, Bloomberg writes. Get the Full Story Complete the form to unlock this...
Chilly spring weather was blamed on home improvement retailer Lowe’s drop in first-quarter fiscal year sales, coming in at $23.7 billion compared to $24.4 billion in the first quarter of 2021, according to the company’s earnings report on Wednesday (May 18). Get the Full Story Complete the...
